Germany, Wehrmacht. A Rare Panzer Assault Badge, Special Grade for 50 Engagements, by Gustav Brehmer Auction Archive constructed of an olive-drab cotton

constructed of an olive-drab cotton base with a card stock core

it was often used by William II and his successor

suspended by old-fashioned ring suspension on a replacement ribbon

a central gold stripe

The eagle does not appear original to the cap

Germany, Wehrmacht. A Rare Panzer Assault Badge, Special Grade for 50 Engagements, by Gustav Brehmer Auction Archive constructed of an olive-drab cotton(Panzerkampfabzeichen in Silber mit Einsatzzahl "50"). Constructed of silvered zink, the obverse consisting of an oval oak leaf wreath, joined together at the bottom by a raised plaque bearing a raised and gilded number 50, topped by a Heer style German national eagle clutching a mobile swastika, surrounding a central Panzer IV rolling over logs and with its left tread extending beyond the edge of the wreath, the reverse with three visible hollow